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a new request from speaker boehner that could actually bring both sides together on the fiscal cliff. >> good, lord, is that possible? also, president morsi sends in tanks to keep the peace as violent protests rage in cairo. we'll have a live report from the region. >> i'll tell you what, it is a mess in egypt, the parties starting to fight each other, meet the new pharaoh, same as the old pharaoh, unbelievable. >> we have full coverage on that coming up, but first, let's get the news live at 5:30 a.m. at 30 rock in new york city. >>> the effort to reach a deal on the fiscal cliff is now a two-man operation. president obama and speaker boehner. thank you. nobody else will be in the room. with 24 days before a year-end deadline, "the new york times" says boehner made the request to clear the negotiation room going forward, leaving it up to himself and the president to reach a deal to avoid automatic tax hikes and deep spending cuts. and while the two men may be negotiating privately, yesterday the president took his mess dwrooj the public, visiting a local virginia family as a part of
a new request from speaker boehner that could actually bring both sides together on the fiscal cliff. >> good, lord, is that possible? also, president morsi sends in tanks to keep the peace as violent protests rage in cairo. we'll have a live report from the region. >> i'll tell you what, it is a mess in egypt, the parties starting to fight each other, meet the new pharaoh, same as the old pharaoh, unbelievable. >> we have full coverage on that coming up, but first, let's get...
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negotiators are going to talk about specific proposaals for both sides to avoid that fiscal cliff. tracy pots joins us from washington with all the details. good morning to you. >> good morning, everyone. a number of high level but individual meetings scheduled here today on capitol hill with really just a handful of lawmakers who could have a big impact on your paycheck. tim giter in and rob neighbors bring the deficit cutting plan to capitol hill today. >> reporter: negotiators are meeting with boehner and top democrats. they heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in the negotiations like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful. it wouldn't put me anywhere near optimistic. >> reporter: one conservative is suggesting that while negotiations continue, congress should stop tax rates going up on the middle class now. >> we're not going to raise taxes on those people. i think we should make that clear to everybody. >> reporter: bottom l
negotiators are going to talk about specific proposaals for both sides to avoid that fiscal cliff. tracy pots joins us from washington with all the details. good morning to you. >> good morning, everyone. a number of high level but individual meetings scheduled here today on capitol hill with really just a handful of lawmakers who could have a big impact on your paycheck. tim giter in and rob neighbors bring the deficit cutting plan to capitol hill today. >> reporter: negotiators...
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particularly with this fiscal cliff. >> well, we haven't talked about one of the big pieces of the fiscal cliff, which actually has a way bigger impact on the economy than tax breaks for the folks at the top, and that's the payroll tax extension for 160 million americans. the nonpartisan congressional budget office says that gives you the most bang for your buck economically speaking. i believe we have to extend that for a year or come up with some alternative way of doing that. let me say a quick word about medicare reform. there's a difference in outlook. we believe we have to find savings in medicare. the president did, $760 billion, and we can build on that by trying to modernize the system, reduce costs overall in the system, not simply transfer rising health care costs onto the backs of seniors on medicare. $22,000 median income. that's what the voucher plan did. we believe we can find savings by changing the way we reimburse doctors and hospitals. not by across the board cuts, but by focusing on the value of care, the quality of care, not the volume of care and the quantity of care
particularly with this fiscal cliff. >> well, we haven't talked about one of the big pieces of the fiscal cliff, which actually has a way bigger impact on the economy than tax breaks for the folks at the top, and that's the payroll tax extension for 160 million americans. the nonpartisan congressional budget office says that gives you the most bang for your buck economically speaking. i believe we have to extend that for a year or come up with some alternative way of doing that. let me...
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gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many questions, but when we get these numbers, this is always confusing to me. last time we talked there was discussion on twitter and concern circles the bls was populated by about a socialist revolutionaries cooking the numbers for obama. those numbers have been revised downwards. may happen for november. why do analysts keep getting them wrong and when you think about the unemployment rate, theoretically we want it to go down but as you're explaining when it's going down that's not actually a good sign for the american people. down is bad, up can be good except when it's bad. the bcs is reliable except when they get it
gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many questions, but when we get...
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and that needs to be remembered when we're talking about the fiscal cliff. now, women really are, in fact, bearing the primary burden of all of these cuts. and so what we're saying is, let's don't engage in these cuts. let's have an aggressive jobs policy, put people to work, bring more money into the federal treasury, and lower the deficit that way. and, obviously, tax the millionaires and billionaires fairly for the first time in 30 years. >> right. >> so, terry, aggressive jobs program. great. that's the third way. president obama submitted to congress the american jobs act last september. so are you suggesting -- are you suggesting that that bill be passed? are you suggesting that it be reworked, junked and recreated? the second part of that question is, what are you going to do? what is now going to do to ensure that it gets passed? >> i would really much rather representative john connier's jobs bill be passed. it's much more aggressive. january ja cow ski also has a wonderful jobs bill. president obama's is much more modst. but it does lead us beginni
and that needs to be remembered when we're talking about the fiscal cliff. now, women really are, in fact, bearing the primary burden of all of these cuts. and so what we're saying is, let's don't engage in these cuts. let's have an aggressive jobs policy, put people to work, bring more money into the federal treasury, and lower the deficit that way. and, obviously, tax the millionaires and billionaires fairly for the first time in 30 years. >> right. >> so, terry, aggressive jobs...
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. >> chris, i think to some extent the market has priced in the notion we would go over the fiscal cliff -- >> you're wrong. no. everybody -- who you talking to? i keep talking to people and they -- who you talking to? >> i actually spoke with a source the other day who is in washington, he's an attorney, who said, listen -- >> a lawyer? >> a lawyer but speaks to a lot of folks that are wall street types who says the market could take it for a couple of weeks. we're not talking months. >> the cake is baked and they think the intelligence of politicians is up to this challenge. >> but wall street doesn't really have a lot of faith in this process to be able to get done. they have priced in just a little bit that this could happen for a while. maybe not for months, but you wouldn't see the market necessarily crash like the next day. you'd have time. >> thank you, joy reid. thank you. >>> tonight, how their own polls fooled the romney campaign into thinking they had this baby won. what went wrong for those guys. did republicans lose the election because voters rejected mitt romney or becaus
. >> chris, i think to some extent the market has priced in the notion we would go over the fiscal cliff -- >> you're wrong. no. everybody -- who you talking to? i keep talking to people and they -- who you talking to? >> i actually spoke with a source the other day who is in washington, he's an attorney, who said, listen -- >> a lawyer? >> a lawyer but speaks to a lot of folks that are wall street types who says the market could take it for a couple of weeks....
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. >>> here's what's happening, the fiscal cliff debate moved to the sunday talk shows today. the speaker of the house, john boehner, said he was flabbergasted by the proposal unveiled by the obama administration. treasury secretary tim geithner said it's up to republicans to make the next move in negotiations. >>> more storm trouble in california with snow and rain hitting the area. some rivers remain in danger from overflowing. >>> now back to "caught on camera." >>> unfortunately, convenience stores can sometimes be targets. but not usually like this. >> i turn, and then there's just a car coming at me. in the dog days of the summer of 2011, it's 16-year-old sammy's last day at a temp job helping out at his father's seven 7-eleven in aurora, colorado, and the high school junior is about to get a back-to-school sendoff he'll never forget. >> there was two people at the store. one was getting a blockbuster from the machine. the other was getting a slurpee. the guy with the slurpee was walking up to the counter. i was talking to the guy and i hear a loud noise coming from my r
. >>> here's what's happening, the fiscal cliff debate moved to the sunday talk shows today. the speaker of the house, john boehner, said he was flabbergasted by the proposal unveiled by the obama administration. treasury secretary tim geithner said it's up to republicans to make the next move in negotiations. >>> more storm trouble in california with snow and rain hitting the area. some rivers remain in danger from overflowing. >>> now back to "caught on...
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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cliff plan before the ink is even dry. we'll talk about where the two sides go from here ahead with mike halpern and john meachum when we come back here. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. tintroducing a revolutionary. i lit new mascara. clump crusher...crusher. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> then i wake up, right? >> right. >>
cliff plan before the ink is even dry. we'll talk about where the two sides go from here ahead with mike halpern and john meachum when we come back here. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then...
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this is wicked boring. >> i bet the president will talk to him about the fiscal cliff and they'll talk about entitlement reform and maybe tax reform. but the one thing i don't think the president will do because the president is a gentleman, you know, what was up with the 47% and gifts? i gave gifts to people? he's not going to go there with mitt romney. one, as i said because he's gentleman, but two, he doesn't have to because mitt romney is coming there not as president of the united states, but guest of. and that's the best -- >> i now have a solid prediction. he will not once say the word yo. >> that was my own -- >> your artistic representation. >> richard, what i think, the only thing i'd find great about it is watching obama, the actor. as we just saw, oh, i thought he did a terrific job at the olympics, i loved watching that stream of i'm not sure what you call it, but it's acting. it's not coming from the heart. >> he does it very sincerely and look, we may never know what happens inside those quiet rooms that they're going to be having their meeting in, but here's what we kno
this is wicked boring. >> i bet the president will talk to him about the fiscal cliff and they'll talk about entitlement reform and maybe tax reform. but the one thing i don't think the president will do because the president is a gentleman, you know, what was up with the 47% and gifts? i gave gifts to people? he's not going to go there with mitt romney. one, as i said because he's gentleman, but two, he doesn't have to because mitt romney is coming there not as president of the united...
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and tomorrow night nancy pelosi will join me to talk about the fiscal cliff. "the rachel maddow show" starts right now. >> good evening, ed. thank you. thanks to you at home for staying with us. if you get a tweet from president obama, you will know it by his signature. the president has an official twitter account from which all sorts of on message things get tweeted. but the white house says you know when a tweet has been written by the president himself because in that case the tweet gets a little initial signature. a "bo" in lower case. barack obama, as in i the president wrote this tweet. if it was a dog, it would be the paw print. the president was writing his own tweet this is afternoon. the string of twitter messages about the budget negotiations in washington. the white house announcing in advance today that the president himself would be answering people's questions about the negotiations in washington. he would be answering them directly on twitter starting at 2:00 p.m. eastern. it is kind of awesome that regular people can ask direct questions from
and tomorrow night nancy pelosi will join me to talk about the fiscal cliff. "the rachel maddow show" starts right now. >> good evening, ed. thank you. thanks to you at home for staying with us. if you get a tweet from president obama, you will know it by his signature. the president has an official twitter account from which all sorts of on message things get tweeted. but the white house says you know when a tweet has been written by the president himself because in that case...
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details ahead. >>> meanwhile, washington was abuzz over avoiding the looming fiscal cliff. the president's lunch with mitt romney, the united nations note on palestine. all this as joe biden was christmas shopping. >>> and some amazing random acts of kindness. good morning, everyone. i'm lynn berry. and today the first of the two grand prize powerball winners will come forward to reveal themselves and have their lives change forever. and there's also buzz about a potential code within the winning numbers. nbc's kerry sanders has that story. >> reporter: in tiny dearborn, missouri, where just about everyone knows everyone, the question is was it one of their own who bought a winning powerball ticket? >> it's exciting, very exciting. we never, ever thought that we would sell the winning ticket, and here it is. we did. >> reporter: folks in this farming community just off interstate 70 are now trying to figure out if the winning numbers were chosen with meaning. dearborn is but 35 miles north of kansas city, home of the royals baseball team. those winning lottery numbers? they
details ahead. >>> meanwhile, washington was abuzz over avoiding the looming fiscal cliff. the president's lunch with mitt romney, the united nations note on palestine. all this as joe biden was christmas shopping. >>> and some amazing random acts of kindness. good morning, everyone. i'm lynn berry. and today the first of the two grand prize powerball winners will come forward to reveal themselves and have their lives change forever. and there's also buzz about a potential...
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about the fiscal cliff. we don't know a lot about what they talked about. the meeting was about an hour long. they had white turkey chili and southwestern chicken salad. but molly, this is the first time they've seen each other since the election. what do you say beyond congratulations, mr. president? >> goodness knows. it's pretty telling that the most newsworthy item out of that meeting was the lunch menu. the readout we got from the white house was very sort of boilerplate. we do know what didn't happen, unless there's something they're not telling us. romney was not offered a job or a post in the administration, as some had speculated might happen as sort of a conciliatory gesture. who knows if he would have taken that or wanted something like that. it was sort of very tepid, the language that we got, that they would work together in the future if opportunities arose on issues they were both interested in, and they discussed american leadership in the world, which is about the closest you can come to say
about the fiscal cliff. we don't know a lot about what they talked about. the meeting was about an hour long. they had white turkey chili and southwestern chicken salad. but molly, this is the first time they've seen each other since the election. what do you say beyond congratulations, mr. president? >> goodness knows. it's pretty telling that the most newsworthy item out of that meeting was the lunch menu. the readout we got from the white house was very sort of boilerplate. we do know...
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i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy theory. >> this administration sent planes and bombs and support to oust gadhafi so al qaeda and the muslim brotherhood could take over libya. >>> good to have you with us tonight, folks. republicans are walking tall in public but hanging their heads behind closed doors. john boehner struck a defiant tone during a news conference today. he blamed the president and democrats for stalling negotiations on a debt deal. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> tough talk. it's also completely divorced from reality. right before the news conference, boe
i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy theory. >> this administration sent planes and bombs and support to oust gadhafi so al qaeda and the muslim brotherhood could take over...
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. >>> a new development in the fiscal cliff talks in washington. also, a new supermarket in a san francisco neighborhood that really needs one. ♪ [ male announcer ] introducing a brand new medicare prescription drug plan. it's called the aarp medicarerx saver plus plan from unitedhealthcare. and it's for people who want the lowest part d premium in the united states... only $15 a month. and copays could be as low as a dollar. so call unitedhealthcare now to enroll or learn more. with this plan, you can save 40% or more on your copays by using a preferred network pharmacy, like walgreens. for example, a network copay of $4 becomes a preferred network copay of $1 when you fill your prescription at any of the 8,000 convenient walgreens locations. so call and enroll today. remember, the premium is just $15 a month. don't wait. open enrollment ends december 7th. aarp medicarerx saver plus. call now or visit your local walgreens for more information. >>> stocks fading on wall street. today's reading on manufacturing showed some contraction. the dow is
. >>> a new development in the fiscal cliff talks in washington. also, a new supermarket in a san francisco neighborhood that really needs one. ♪ [ male announcer ] introducing a brand new medicare prescription drug plan. it's called the aarp medicarerx saver plus plan from unitedhealthcare. and it's for people who want the lowest part d premium in the united states... only $15 a month. and copays could be as low as a dollar. so call unitedhealthcare now to enroll or learn more. with...
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he is in pennsylvania at the toy factory talking fiscal cliff. you're watching "the daily rundown" only on msnbc. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] >>> mitt romney made it to the oval office yesterday, but not quite in the way he'd envision ed it. the two former rivals talked for over an hour over white turkey chili
he is in pennsylvania at the toy factory talking fiscal cliff. you're watching "the daily rundown" only on msnbc. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of...
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cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook is joining the nasdaq 100 index. it will be joining the index next wednesday and replaces tech firm emphasis who is moving to the new york stock exchange. >>> our guest host here to take on the financial cliff as well as false assumptions investors may be making about what the markets will do come january. joining us is dan greenhouse and chris walen, senior managing director. just looking through some of your comments, dan, you don't think we should go over, obviously. >> well, we were -- chris and i were joking in the green room. a lot of the policies in the cliff to us personally are anathema, but that's probably going to happen and what should happen. >> bring it on. >> you think -- >> look, subject americans to the minimum tax. >> yeah, they'll understand. >> the democrats want to raise taxes so they can spend more. they derive economic sustenance from
cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook is joining the nasdaq 100 index. it will be joining the index next wednesday and replaces tech firm emphasis who is moving to the new york stock exchange. >>> our guest host here to take on the financial cliff as well as false assumptions investors may be making about what the markets will do come january. joining us is dan greenhouse...
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about the fiscal cliff. no one is signaling what they might discuss, but house speaker john boehner when asked about tonight's event said that he thinks he might run into the president. >> no doubt. kristin, we're also hearing that the president has made some reference to the possibility of president assad or the fear, the rumor, that president assad might use chemical weapons against his own people, and we know, of course, saddam hussein do that against the kurds. what is the president saying about the prospect of that? >> reporter: well, some tough talk just a few minutes ago. president obama saying that if, in fact, the administration receives serious evidence that syria is, in fact, using chemical weapons, moving chemical weapons, that that would be a red line for this administration. now, we pressed white house press secretary jay carney on this point earlier and said, what specifically does a red line mean and what would the consequences be? the administration being fairly tight-lipped about that, but
about the fiscal cliff. no one is signaling what they might discuss, but house speaker john boehner when asked about tonight's event said that he thinks he might run into the president. >> no doubt. kristin, we're also hearing that the president has made some reference to the possibility of president assad or the fear, the rumor, that president assad might use chemical weapons against his own people, and we know, of course, saddam hussein do that against the kurds. what is the president...
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to avoid the so-called fiscal cliff. utah congressman jason chafe fits joins me now. the president was campaigning today in campaign mode certainly and basically what the democrats and the white house are saying is this is what the american people voted for. all of the exit polls show that there is strong support, more than 60% of the voters, support tax increases for the wealthy. so how do you counter that? >> well, the president also said he was for a balanced approach and what we haven't seen is what is the other side of that balance? the president said he was going to help curb back the debt and tackle this deficit. instead, the president has the gull to actually go out and suggest that we should get rid of the debt ceiling votes and take away congress' ability to help put a lid on that. essentially wants a limitless credit card. that is a nonstarter for us in the house of representatives and the president should share with us what he thinks he should be cutting. not just 10, 20 years out in advance, what are we goin
to avoid the so-called fiscal cliff. utah congressman jason chafe fits joins me now. the president was campaigning today in campaign mode certainly and basically what the democrats and the white house are saying is this is what the american people voted for. all of the exit polls show that there is strong support, more than 60% of the voters, support tax increases for the wealthy. so how do you counter that? >> well, the president also said he was for a balanced approach and what we...
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the fiscal cliff, raising tax rates on the richest americans for them is still off the table. >> the revenues on the table are coming from, guess who? the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. a plan that can pass both chambers of congress. >> joining me now is former vermont governor howard dean and msnbc's krystal ball. governor dean, our treasury secretary is a very carwful speaker. when asked if they're prepared to go off the cliff, his first word was absolutely. there was nothing, nothing could be more clear that this administration means what they say about getting what they want at this point. >> yeah. the only problem is -- this is a little initially going to team like heresy, the truth is everybody needs to pay more taxes, not just the rich. that's a good start. we won't get out of the probl
the fiscal cliff, raising tax rates on the richest americans for them is still off the table. >> the revenues on the table are coming from, guess who? the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. a plan that...
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cliff gets resolved. in the end, they have got not much. they can say they have a mandate so it's equal, but it really isn't and they know that. >> we seem to know as much about mitt romney's taxes as we do about the loopholes republicans are willing to close in this. they can't offer any specifics. is this a turnoff for the people? >> in fairness we have to recognize that there's been a lack of specifics on both sides here. they are negotiating in public. you notice that that's how this stuff is coming out. it's not phone calls between the two sides or closed-door meetings. we don't know what spending democrats would cut and we haven't even begun the entitlements discussion, which the president is theoretically open to. so there's a lot that still needs to happen. i mean for you and me and normal people, three weeks away may seem like a short time, but there's a feeling that this has barely even begun. >> here's senator bob corker and claire mccaskill. here it is. >> i have just laid out in very painful
cliff gets resolved. in the end, they have got not much. they can say they have a mandate so it's equal, but it really isn't and they know that. >> we seem to know as much about mitt romney's taxes as we do about the loopholes republicans are willing to close in this. they can't offer any specifics. is this a turnoff for the people? >> in fairness we have to recognize that there's been a lack of specifics on both sides here. they are negotiating in public. you notice that that's how...
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let me play a little bit of what he had to say regarding the fiscal cliff and the threat that looms. let me play it. >> when it comes to raising taxes on the wealthy, those making more than $250,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> so is it a bluff when the obama administration says they're willing to go off the cliff if a deal is not reached on rates? >> i don't think it's a bluff. if you look at the reality of what happens, all the leverage which i -- right now clearly the white house has. they get more leverage if we go over their cliff. you can argue that would not send a good message to the country, to the world. it would prove that we are dysfunctional and cannot govern, et cetera, et cetera. in terms of dealing with the policy problem, which is you have this massive and growing debt, you have to bring in more revenues. there's multiple ways to do it, but critical ways to raise rates on
let me play a little bit of what he had to say regarding the fiscal cliff and the threat that looms. let me play it. >> when it comes to raising taxes on the wealthy, those making more than $250,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> so is it a bluff when the obama administration says...
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but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that is sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for
but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here,...
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fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to republicans. we are still in preliminary stages here, which is the good news, considering they are far apart. number two, the white house clearly feels it has the upper hand. it came with the $1.6 billion in new revenues and that's twice what the president was talking about before the election. republicans, obviously, rejecting it out of hand. we all heard by now republican leader in the senate mitch mcconnell laughed at it. there you see some of the provisions there. $600 billion in savings. some of it from medicare, another 50 billion in spending and new spending on infrastructure and stimulus spending. that's something that republicans aren't going to want to go to. the two sides are far apart. here we are on december 1st, th
fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to republicans. we are still in preliminary stages here, which is the good news, considering they are far apart. number two, the white house clearly feels it has the upper hand. it came with...
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a best-selling author and a top expert on negotiations breaks down the current fiscal cliff talks. is there a method behind what appears to be political madness? in advance of friday's jobs report, a surprising new look about what kind of companies are actually creating new jobs in this economy? we'll have some of the best job creators next hour. and, three things you need to understand about the new facebook messaging announcement. join us on "power." back to scott. >>> we'll see you in about 15 minutes. sometimes it's tough to buy the losers and sell the winners. you know that. let's play a little hold them or fold them, what stocks have made big moves of late. marathon petroleum up more than 78% year to date. joe, hold them or fold them? >> absolutely hold them. you're talking about a mid continent refiner here. secular momentum, clearly a strategy here like rg3 with your redskins, the game has changed and it's changed for years. >> all right. dish network, the stock five-year high, 45% move this year. hold them, fold them? >> i'm folding. i like the cable. not just because of c
a best-selling author and a top expert on negotiations breaks down the current fiscal cliff talks. is there a method behind what appears to be political madness? in advance of friday's jobs report, a surprising new look about what kind of companies are actually creating new jobs in this economy? we'll have some of the best job creators next hour. and, three things you need to understand about the new facebook messaging announcement. join us on "power." back to scott. >>>...
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and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by saying you're not cutting spending, you're not coming to us on entitlements, but it's falling flat. no one's really listening and the white house has controlled the debate that it's all about the upper 2%. the first thing in texas you do is shrink the size of government, wouldn't you? >> well, we did that. we faced a substantial budget shortfall. we have a constitutional amendment that requires us to have a balanced budget, which frankly america needs that. >> i don't know what would happen. >> most states have that. >> the states that are -- i
and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama...
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but i do think that they would talk about fiscal cliff. they'd talk about tax reform. they'd talk about entitlements because, i mean, say what you will about mitt romney. i mean, he does have some ideas. and you would hope that he would come to the table without the pressure of the campaign, without the pressure of being the republican nominee, but just a businessman, american who thinks that he has some ideas to solve these problems, that he would be honest and truthful with what he would want to offer. but the other thing is, i don't think, though, what the base would want the president to say to him is what about the 47%? what about this gifts thing you said about me? the president's not going to do that. >> they're not going to talk about any of that. >> not at all. >> i think there's a long history of these kinds of touchy feely meetings and feel good. the idea that romney's going to engage in this budget thing and be helpful, chuck, i'd love to know what you think, but i don't really see that happening. >> reporter: no, that's not going to be the case. i mean, th
but i do think that they would talk about fiscal cliff. they'd talk about tax reform. they'd talk about entitlements because, i mean, say what you will about mitt romney. i mean, he does have some ideas. and you would hope that he would come to the table without the pressure of the campaign, without the pressure of being the republican nominee, but just a businessman, american who thinks that he has some ideas to solve these problems, that he would be honest and truthful with what he would want...
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and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle class families and middle class earners the most. and so it really is -- i don't want to make this about class warfare. it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially raising taxes on 98% of americans either through some kind of crazy deduction plan or just letting the bush tax cuts go, that can have a very, very severe effect on the economy. >> as usual dr. peterson makes a superb point. president clinton used to say if you want to live like a republican,
and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle...
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Nov 30, 2012
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so if they lost this first round to fiscal cliff talks they can say we want this and this. so what the administration is going to do is one of two things. insist any fiscal cliff deal includes a raising of the debt ceiling or they're going to say, we want the power to raise the debt ceiling. you know, i think that might actually end up being a big sticking point of the negotiation. >> understandably they see it as the biggest point of leverage. >> it also seems to me the tone is moving in the wrong direction. after the -- right after the election, there was a little bit of recrimination, a little like well, boehner sounded getting squishy and what's happened over the succession of weeks since then, as he's meeting with the caucus, there's a hardening. in terms of -- >> or a disbelief -- a disbelief -- >> comes out and says stuff like that, you read some of the local papers, these people rshs it. >> are telling their local paper we're in a bad negotiation position here. >> the problem is, had he's probably a guy that's going to -- boehner will still be dealing with after jan
so if they lost this first round to fiscal cliff talks they can say we want this and this. so what the administration is going to do is one of two things. insist any fiscal cliff deal includes a raising of the debt ceiling or they're going to say, we want the power to raise the debt ceiling. you know, i think that might actually end up being a big sticking point of the negotiation. >> understandably they see it as the biggest point of leverage. >> it also seems to me the tone is...
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the role of mcconnell and fiscal cliff talks will put that reputation to the test. john harwood, cnbc, lexington, kentucky. >>> let's get back to our guest host today, former chairman and ceo of honeywell. john laid out what a difficult negotiation this is going to be because both sides have entrenched and said basically we want to do it our way. i continue to not hear this talk of really bipartisanship of working together to try to find a solution. that worries me a lot. >> i think it should. you know, one of the ways it seems to me you go about this is you -- you take it out of the press, mum one. and you get the principals in a room and you -- set a framework. for example, it is pretty obvious we need a substantial change here in terms of the way we run our government expenses. so there's -- there's pretty much approval at $4 trillion is the right number over ten years. you think that would be agreed upon first. then you would put a framework on how much for taxes, no talking about what kind. how much for expenses without talking about what kind. and see if you g
the role of mcconnell and fiscal cliff talks will put that reputation to the test. john harwood, cnbc, lexington, kentucky. >>> let's get back to our guest host today, former chairman and ceo of honeywell. john laid out what a difficult negotiation this is going to be because both sides have entrenched and said basically we want to do it our way. i continue to not hear this talk of really bipartisanship of working together to try to find a solution. that worries me a lot. >> i...
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itself as it tries to negotiate an approach toward the fiscal cliff. fox news, with all its stunned punditry on election night is not amused. the network confirms karl rove will only be allowed on air after producers receive permission. ditto, dick morris, the republican cheerleader still waiting to the romney/ryan call. gentlemen, don't sit there waiting in vein. there's a seat right here across the street with your name on it. come on. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. yofor giving the perfect gift?le just have a knack i love you. they put real thought into it. and find just... the right...thing. how do they do that? more saving. more do
itself as it tries to negotiate an approach toward the fiscal cliff. fox news, with all its stunned punditry on election night is not amused. the network confirms karl rove will only be allowed on air after producers receive permission. ditto, dick morris, the republican cheerleader still waiting to the romney/ryan call. gentlemen, don't sit there waiting in vein. there's a seat right here across the street with your name on it. come on. [ emily jo ] derrell comes into starbucks with his wife,...
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it gets a lot less clear when you talk about health care or the fiscal cliff. the first thing they did. i spoke to some people at the white house about it this week. they tried to get the base activists involved in the persuasion campaign around the fiscal cliff. they have an info graham and information that shares. teddy goff is one of the digital directors of the campaign has noted that when they want to talk to people on facebook, they reach $10 million with any contact they consider pretty good. that's the first thing they are doing. the harder question comes next. if you don't have the things work out, if you don't get a deal on the fill buster to stopt obstruction, do you bring them in to do something more confrontational. >> let's take a look. laura was anticipating some of these arguments, particularly around progress sives. if you look at the chart that you generated of national ofa e-mails, from obama for america to organizing for america, we see it is primarily about health care. you get this big spike. there is some work going on about sotomayor and
it gets a lot less clear when you talk about health care or the fiscal cliff. the first thing they did. i spoke to some people at the white house about it this week. they tried to get the base activists involved in the persuasion campaign around the fiscal cliff. they have an info graham and information that shares. teddy goff is one of the digital directors of the campaign has noted that when they want to talk to people on facebook, they reach $10 million with any contact they consider pretty...
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tracy: we're going inside the president's latest round of talks on the fiscal cliff. governor gary herbert of utah joins us next. ashley: we'll hear what he has to say. take a look how the dollar is moving right now against some of these foreign currencies, the euro, the pound, the canadian dollar. mexican peso. yes, they are all moving higher today against the good ol' greenback. we'll be right back ♪ [ male announce] how could witchgrass in argentina, change engineering in dubai, aluminum producon in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understandhe connections of a complex, global onomy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with condence. request a prospectus or summaryrpectus with investment information, risks, fees and expenses to read and consider cefully before investing. if you're a man with low testosterone, the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or aone younger than 18. a
tracy: we're going inside the president's latest round of talks on the fiscal cliff. governor gary herbert of utah joins us next. ashley: we'll hear what he has to say. take a look how the dollar is moving right now against some of these foreign currencies, the euro, the pound, the canadian dollar. mexican peso. yes, they are all moving higher today against the good ol' greenback. we'll be right back ♪ [ male announce] how could witchgrass in argentina, change engineering in dubai, aluminum...
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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cliff talks. president obama today drew a line in the sand. so what does it mean for the future of negotiations? >>> also, we talked to the new york city police officer whose private act of kindness has gone viral.ld o moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose increases. patients may experience loss of appetite or weight. patients who weigh less than 110 pounds may experience more side effects. people at risk for stomach ulcers who take certain other medicines should talk to their doctor because serious stomach problems such
cliff talks. president obama today drew a line in the sand. so what does it mean for the future of negotiations? >>> also, we talked to the new york city police officer whose private act of kindness has gone viral.ld o moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses....
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Nov 30, 2012
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so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said republicans have taken to screaming at them. if no action is taken by december 31st, 650 billion in cuts to the pentagon and domestic programs and tax increases automatically go into effect. after the meeting, the finger-pointing came quickly. republicans say democrats aren't bringing to the table a plan that include significant cuts to medicare and entitlement programs. >> revenue was only on the table. if they were serious. spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> pre
so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said...
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about the fiscal cliff? well, i know that's important. mr. speaker, it is time for congress to realize that we are having young men and women to die in afghanistan for a failed policy that will not change one thing. mr. speaker, before closing, i make reference to this poster of a young american in a casket being carried by his colleagues to be buried. please, american people, put pressure on congress to bring our troops home now and not wait until december, 2014. i ask god to please bless our men and women in uniform, to please bless the loved ones who lost those in iraq and afghanistan. please, god, help get our troops home now and not later. i yield back. the speaker pro tempore: the chair recognizing the gentleman from oregon, mr. blumenauer, for five minutes. mr. blumenauer: mr. speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of
about the fiscal cliff? well, i know that's important. mr. speaker, it is time for congress to realize that we are having young men and women to die in afghanistan for a failed policy that will not change one thing. mr. speaker, before closing, i make reference to this poster of a young american in a casket being carried by his colleagues to be buried. please, american people, put pressure on congress to bring our troops home now and not wait until december, 2014. i ask god to please bless our...
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fiscal cliff here and basically, i mean, i know next to nothing about the fiscal cliff or the negotiations that are going on. is your sense that there's more going on behind the scenes than what we talk about or what's in the papers? >> you know, i love -- no. there's not. i mean -- >> you mean we're right? >> no, it's one of those -- it's amazing. i think we all assume oh, there's got to be real stuff going on. this is just -- and maybe this is an elaborate ploy, right, that the president and boehner said okay, we're going to do all this and then magically we'll bring it all together as everybody feels everything's going to heck in a handbasket. but no, there's not a lot going on sort of behind the scenes. there isn't a backroom -- yes, rob neighbors who's the chief congressional liaison for the white house, he checks in daily with boehner's and mcconnell's office, but there's not real negotiations going on like we saw in the last ten days. but i also am a little bit of -- i think everybody should just go to -- you know, go to sleep, wake up on december 14th when there's about a week to g
fiscal cliff here and basically, i mean, i know next to nothing about the fiscal cliff or the negotiations that are going on. is your sense that there's more going on behind the scenes than what we talk about or what's in the papers? >> you know, i love -- no. there's not. i mean -- >> you mean we're right? >> no, it's one of those -- it's amazing. i think we all assume oh, there's got to be real stuff going on. this is just -- and maybe this is an elaborate ploy, right, that...
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it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with my life. >> and congressman emanuel cleaver, great to have you on set with us. >>> coming up, nbc chief white house correspondent chuck todd. and later in the show, "the economist" crunched the numbers and came up with the best countries to be born in in 2013. and the united states does not top their list. we'll find out who does ahead on "morning joe." [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more s
it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with...
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in washington news, both parties hinting at renewed talks on the fiscal cliff. the acknowledgement of open lines of communication passed for encouraging news. a new survey finds more than 60% of leading investment professionals predict a shorp stock decline in the market if the government fails to come up with a deal. in this case defined as a more than 10% drop in the dow. 56% surveyed foresee a deal to avoid the cliff by year end, 44% predict failure in the ongoing negotiations. as for corporate america, through yesterday's close, there have been # 70 announcements of special dividends. these special difference deebds are valueded a more than $30.1 billion. among the latest names, mcgraw hill will pay a special dividends of $2.50 a share before year end. and drop its previously announced plan to buy back up to $200 million more of stock this year. >> everybody's paid their dividends this year, so they won't be paying them next year. >> this is a major issue. what's going to happen is -- we have two great economists onset. but that money will get annualized, so
in washington news, both parties hinting at renewed talks on the fiscal cliff. the acknowledgement of open lines of communication passed for encouraging news. a new survey finds more than 60% of leading investment professionals predict a shorp stock decline in the market if the government fails to come up with a deal. in this case defined as a more than 10% drop in the dow. 56% surveyed foresee a deal to avoid the cliff by year end, 44% predict failure in the ongoing negotiations. as for...
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we've been talking, dr. brzezinski, about the fiscal cliff. i'd love your take on it, what signal it sends to the rest of the world that we don't seem to be able to put our economic house in order. >> well, the way you put it, you give the answer. your answer is right. we look a little bit disorderly. indecisive, leaderless. that's a real problem. and that's a problem that concerns me particularly on foreign affairs. the presidency, not just president obama, but the presidency in recent years has lost some of the terrain that they used to dominate in the making of foreign policy. i think president obama has to make a serious effort to regain it because he lost some of it himself. >> lost terrain to congress or to whom? >> to congress and to the world. that is to say his capacity to take decisive actions has been limited by congressional intervention, by the influence of lobbies, by the sense that he gives good speeches, very good speeches, and he really understands the world, but the follow-through in terms of policy is somewhat not there. so
we've been talking, dr. brzezinski, about the fiscal cliff. i'd love your take on it, what signal it sends to the rest of the world that we don't seem to be able to put our economic house in order. >> well, the way you put it, you give the answer. your answer is right. we look a little bit disorderly. indecisive, leaderless. that's a real problem. and that's a problem that concerns me particularly on foreign affairs. the presidency, not just president obama, but the presidency in recent...
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the fiscal cliff hits. the arguments i just pa about the withholding tables and cutting spending, are not generally talked about. a lot of people deny they can be done. we're confident they can. so the question then becomes what's the impact, where is the impact. and the impact is equity markets end of next week will say these guys aren't going to get it done, we won't have a deal january 1, everything falls apart, that's assuming of course we all get past december 21st. >> so basically week and counting before you think the equity market really drops significantly? >> if we do get a deal done do, we just maintain the 2% that we're stuck in with the high unemployment and not go down? or does it actually allow us to start growing again? is anybody talking growth? >> we're talking growth. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you
the fiscal cliff hits. the arguments i just pa about the withholding tables and cutting spending, are not generally talked about. a lot of people deny they can be done. we're confident they can. so the question then becomes what's the impact, where is the impact. and the impact is equity markets end of next week will say these guys aren't going to get it done, we won't have a deal january 1, everything falls apart, that's assuming of course we all get past december 21st. >> so basically...
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i'm really encouraged that we can avoid this fiscal cliff for a number of reasons. first of all, there is a growing group of republicans who say we really need to raise revenue, not just talk about raising revenue, but actually increase taxes on the wealthiest 2%. and they're willing to consider those kinds of taxes that the president proposed so that middle-class americans, the 98%, will not see any taxes. and second i'm encouraged because some of the businesses, in fact a growing number of businesses, moderate and constructively, are proposing that the president's plan make sense. but the major developments that really for the republicans to come forward with some of their specifics. and specific terms, and proposals if they say they want to avoid these tax increases. they need to be more specific. on how to do it. >> you keep using the word encourage and i'll read you some other words that have come from lindsey graham. he said it's a joke. it's not serious. and it, you know, you might be encouraged but treasury secretary geithner did not seem all that encouraged
i'm really encouraged that we can avoid this fiscal cliff for a number of reasons. first of all, there is a growing group of republicans who say we really need to raise revenue, not just talk about raising revenue, but actually increase taxes on the wealthiest 2%. and they're willing to consider those kinds of taxes that the president proposed so that middle-class americans, the 98%, will not see any taxes. and second i'm encouraged because some of the businesses, in fact a growing number of...
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part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as the level of chatter that goes around. i think the chatter is more than the concern. the fiscal cliff just happens to be a preset deal on a scale of one to ten. it's a deal that is possible as outcome. i think what the country should hope for is that we come up with a better deal. business wants the rules. i understand why business is very much do a deal. do a something. because a business then can make their plans around that. if a marginal tax rate goes up too high here, they'll put a plant somewhere else. you can make those decisions. they want to know the rules. >> know the rules of the road. >> there's an america out there. there's a country. the rules we put in place have to take into account a lot more than just let's get a deal done, any deal done. i'm very hopeful that we get a principle deal done and what that's good for the growth of america for a long period of time. >> can't have any conversation with you without asking about m&a.
part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as the level of chatter that goes around. i think the chatter is more than the concern. the fiscal cliff just happens to be a preset deal on a scale of one to ten. it's a deal that is possible as outcome. i think what the country should hope for is that we come up with a better deal. business wants the rules. i understand why business is very much do a deal. do a...
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but this week, not quite so much. >> let's talk about the fiscal cliff. is that worrying you at all? it's now december 3rd and it does not look like these two sides are any closer to reaching an agreement. if this is an issue that we don't find a solution to the fiscal cliff, we go over the edge, what is it going to mean for the global market? >> i was just listening and watching your previous discussion. you know, you guys are at a minimum lucky that the dollar is still such a research currency. when you compare the luxury, it seems that the markets are giving washington compared to the complete opposite with a lot of these cliff mad countries, the contrast is startling. to me, what's really in my head this morning is i detect more and more longer term investors and the cautious ones who are being influenced by this and start to go think, you know what? europe has dealt with some of its long-term issues even though the economies are weak and given the relative returns and value in market, i detect the first signs of people shifting more towards europe fr
but this week, not quite so much. >> let's talk about the fiscal cliff. is that worrying you at all? it's now december 3rd and it does not look like these two sides are any closer to reaching an agreement. if this is an issue that we don't find a solution to the fiscal cliff, we go over the edge, what is it going to mean for the global market? >> i was just listening and watching your previous discussion. you know, you guys are at a minimum lucky that the dollar is still such a...
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john boehner said there has been no substantive progress in the fiscal cliff talks. >> whose fault is that. >> stephanie: yes, they have yet to get serious about real spending cuts. it's the same kind of rhetoric, isn't it? >> caller: i guess the election is not over. >> stephanie: yeah yeah, yeah. that seems to be the critical thing. they don't seem to realize that the american people have spoken. >> caller: i think everyone is trying to position himself here to get down to brass tacks which is what is going to happen before you go into oblivion. i'm not surprised with what is going on. the president made a proposal yesterday. $1.6 trillion in revenues which included $960 billion in raising marginal rates. we want the president to keep his promise. that's what the elections are all about. >> stephanie: that's right. we were just reading the latest "washington post" "abc news" poll and it echos the exit polls. 61% want those to pay their fair share, and 70% don't want them to raise the social security medicare eligibility rate. >> that's not the problem raising the rates on the well-
john boehner said there has been no substantive progress in the fiscal cliff talks. >> whose fault is that. >> stephanie: yes, they have yet to get serious about real spending cuts. it's the same kind of rhetoric, isn't it? >> caller: i guess the election is not over. >> stephanie: yeah yeah, yeah. that seems to be the critical thing. they don't seem to realize that the american people have spoken. >> caller: i think everyone is trying to position himself here to...